Excelsior Mining Provides Update on Johnson Camp Mine Construction in SE Arizona
Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) has announced the commencement of construction at the Johnson Camp Mine (JCM) in southeast Arizona, with first copper production expected in H1 2025. This follows Nuton 's decision to proceed to Stage 2 of restarting JCM using Nuton™ copper heap leaching technologies. Key developments include:
1. M3 Engineering awarded the EPCM contract
2. Earthworks for new leach pad construction started
3. Rango Inc. awarded leach pad construction and overliner crushing contract
4. Nuton provided $7.9 million funding through August 2024
The project represents Nuton's first demonstration of their advanced copper leaching technology, marking a significant milestone in Excelsior's partnership with Nuton.
Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) ha annunciato l'inizio della costruzione presso la Johnson Camp Mine (JCM) nel sud-est dell'Arizona, con la prima produzione di rame prevista per il primo semestre del 2025. Questo segue la decisione di Nuton di procedere alla Fase 2 del riavvio della JCM utilizzando le tecnologie di lixiviatura in cumuli di rame Nuton™. Sviluppi chiave includono:
1. M3 Engineering ha ricevuto il contratto EPCM
2. I lavori di terra per la costruzione del nuovo campo di lixiviatura sono iniziati
3. Rango Inc. ha ricevuto il contratto per la costruzione del campo di lixiviatura e la frantumazione della sovrastruttura
4. Nuton ha fornito 7,9 milioni di dollari di finanziamento fino ad agosto 2024
Il progetto rappresenta la prima dimostrazione da parte di Nuton della loro tecnologia avanzata di lixiviatura del rame, segnando un importante traguardo nella partnership di Excelsior con Nuton.
Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) ha anunciado el inicio de la construcción en la Johnson Camp Mine (JCM) en el sureste de Arizona, con la primera producción de cobre esperada para la primera mitad de 2025. Esto sigue a la decisión de Nuton de avanzar a la Etapa 2 de reiniciar la JCM utilizando las tecnologías de lixiviación en montón de cobre Nuton™. Los desarrollos clave incluyen:
1. M3 Engineering otorgó el contrato EPCM
2. Se iniciaron los trabajos de tierra para la construcción de la nueva plataforma de lixiviación
3. Rango Inc. obtuvo el contrato para la construcción de la plataforma de lixiviación y la trituración de la sobrecubierta
4. Nuton proporcionó 7,9 millones de dólares en financiamiento hasta agosto de 2024
El proyecto representa la primera demostración de Nuton de su avanzada tecnología de lixiviación de cobre, marcando un hito significativo en la asociación de Excelsior con Nuton.
엑셀시어 마이닝 주식회사 (TSX: MIN) (OTCQB: EXMGF)는 아리조나 남동부에 위치한 존슨 캠프 광산(JCM)에서 건설이 시작되었으며, 첫 번째 구리 생산이 2025년 상반기에 예정되어 있다고 발표했습니다. 이는 Nuton이 Nuton™ 구리 무더기 침출 기술을 사용하여 JCM의 2단계 재가동을 진행하기로 결정한 이후입니다. 주요 개발 사항은 다음과 같습니다:
1. M3 엔지니어링이 EPCM 계약을 수주했습니다.
2. 새로운 침출 패드 건설을 위한 토목 작업이 시작되었습니다.
3. Rango Inc.가 침출 패드 건설 및 커버링 파쇄 계약을 수주했습니다.
4. Nuton이 2024년 8월까지 790만 달러의 자금을 지원했습니다
이 프로젝트는 Nuton의 고급 구리 침출 기술의 첫 번째 시연을 나타내며, 엑셀시어와 Nuton의 파트너십에서 중요한 이정표가 됩니다.
Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) a annoncé le début de la construction à la mine Johnson Camp (JCM) dans le sud-est de l'Arizona, avec la première production de cuivre prévue pour le premier semestre 2025. Cela fait suite à la décision de Nuton de passer à la phase 2 de la relance de JCM en utilisant les technologies de lixiviation en tas de cuivre Nuton™. Les développements clés comprennent :
1. M3 Engineering a reçu le contrat EPCM
2. Les travaux de terrassement pour la construction du nouveau lit de lixiviation ont commencé
3. Rango Inc. a reçu le contrat de construction du lit de lixiviation et de concassage de la couverture
4. Nuton a fourni 7,9 millions de dollars de financement jusqu'en août 2024
Ce projet représente la première démonstration par Nuton de sa technologie avancée de lixiviation du cuivre, marquant une étape significative dans le partenariat d'Excelsior avec Nuton.
Die Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) hat den Beginn des Bauvorhabens in der Johnson Camp Mine (JCM) im Südosten von Arizona angekündigt, mit erster Kupferproduktion, die im ersten Halbjahr 2025 erwartet wird. Dies folgt auf die Entscheidung von Nuton, zur Phase 2 der Wiederinbetriebnahme der JCM überzugehen, wobei die Nuton™ Kupfer-Haufenlixivierungstechnologien genutzt werden. Wichtige Entwicklungen umfassen:
1. M3 Engineering erhielt den EPCM-Vertrag
2. Erdarbeiten für den Bau der neuen Lixivierungsfläche haben begonnen
3. Rango Inc. erhielt den Vertrag für den Bau der Lixivierungsfläche und die Zerkleinerung der Deckschicht
4. Nuton stellte 7,9 Millionen Dollar an Finanzierung bis August 2024 zur Verfügung
Das Projekt stellt die erste Demonstration von Nutons fortschrittlicher Kupferlixivierungstechnologie dar und markiert einen bedeutenden Meilenstein in der Partnerschaft von Excelsior mit Nuton.
- Construction commenced at Johnson Camp Mine, indicating project progress
- First copper production anticipated in H1 2025, providing a clear timeline
- Nuton provided $7.9 million funding through August 2024, supporting project development
- Partnership with Nuton for state-of-the-art copper leaching technology demonstration
- Significant capital expenditure required for mine restart and new technology implementation
- Project success dependent on unproven Nuton™ copper heap leaching technologies
Phoenix, Arizona--(Newsfile Corp. - August 8, 2024) - Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) (FSE: 3XS) ("Excelsior" or the "Company") is pleased to announce that construction has commenced at the Johnson Camp Mine ("JCM"), in southeast Arizona, with first copper production anticipated in H1 of 2025.
Following the decision by Nuton LLC ("Nuton"), a Rio Tinto venture to proceed to Stage 2 of a process to restart the JCM mine using Nuton™ copper heap leaching technologies (see Excelsior press release dated May 15th, 2024), Excelsior has completed the bulk of the planning & engineering and has mobilized crews to start construction. M3 Engineering based in Tucson has been awarded the EPCM contract. Earthworks related to the construction of the new leach pad has commenced, including crushing of the over-liner material. Rango Inc. from Mesa was awarded the leach pad construction and overliner crushing contract and is ramping up efforts to achieve the Excelsior milestones.
To facilitate the start of these activities and Stage 2, Nuton recently provided funding of
"The commencement of leach pad construction marks a key milestone in Excelsior's partnership with Nuton. The M3 and Rango team we have assembled is world class and committed to delivering a safe and timely project. The opportunity to build and operate Nuton's first demonstration of their state-of-the-art copper leaching technology is a privilege Excelsior and our team is proud to deliver," comments Robert Winton, SVP Operations and General Manager of JCM.
During construction, progress along with an image gallery will be posted on the company website at www.excelsiormining.com.
ABOUT NUTON
Nuton is an innovative venture that aims to help grow Rio Tinto's copper business. At the core of Nuton is a portfolio of proprietary copper leaching related technologies and capability - a product of almost 30 years of research and development. Nuton offers the potential to economically unlock copper from primary sulfide resources through leaching, achieving market-leading recovery rates and contributing to an increase in copper production at new and ongoing operations. One of the key differentiators of Nuton is the ambition to produce the world's lowest footprint copper while having at least one Positive Impact at each of our deployment sites, across our five pillars: water, energy, land, materials and society.
ABOUT THE JOHNSON CAMP MINE
The Johnson Camp Mine is a past producing open pit, heap leach operation. The operation includes two open pits, a fully functioning SX-EW plant capable of producing 25 million pounds of cathode copper per year, a complete set of PLS and raffinate ponds, and full infrastructure (ancillary facilities, access, power, water, and communications).
ABOUT EXCELSIOR MINING
Excelsior "The Copper Solution Company" is a mineral exploration and production company that owns and operates the Gunnison Copper Project in Cochise County, Arizona. The project is a low cost, environmentally friendly in-situ recovery copper extraction project that is permitted to 125 million pounds per year of copper cathode production. Excelsior also owns the past producing Johnson Camp Mine, which with Nuton LLC, a Rio Tinto Venture is in Stage 2 of a process to restart the mine using Nuton technologies, with first copper expected to be produced in 2025. Excelsior additionally owns a portfolio of exploration projects, including the Peabody Sill and the Strong and Harris deposits.
For more information on Excelsior, please visit our website at www.excelsiormining.com.
For further information regarding this press release, please contact:
Excelsior Mining Corp.
Concord Place, Suite 300, 2999 North 44th Street, Phoenix, AZ, 85018.
Shawn Westcott
T: 604.365.6681
E: info@excelsiormining.com
www.excelsiormining.com
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to: (i) the potential of well stimulation to improve performance of the Company's mineral projects; (ii) the intention to deploy the Nuton® technology at the Johnson Camp mine and future production therefrom; (iii) the details and expected results of the stage two work program; and (iv) future production and production capacity from the Company's mineral projects.
In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the amended permit will not be appealed, work plans will be approved in a timely manner, the availability of financing to continue as a going concern and implement the Company's operational plans, the estimation of mineral resources and mineral reserves, the realization of resource and reserve estimates, expectations and anticipated impact of the COVID-19 outbreak, copper and other metal prices, the timing and amount of future development expenditures, the estimation of initial and sustaining capital requirements, the estimation of labour and operating costs (including the price of acid), the availability of labour, material and acid supply, receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to the Company not obtaining adequate financing to continue operations, the breach of debt convenants, risks inherent in the construction and operation of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined including the possibility that mining operations may not be sustained at the Gunnison Copper Project, risks related to the delay in approval of work plans, variations in mineral resources and reserves, grade or recovery rates, risks relating to the ability to access infrastructure, risks relating to changes in copper and other commodity prices and the worldwide demand for and supply of copper and related products, risks related to increased competition in the market for copper and related products, risks related to current global financial conditions, risks related to current global financial conditions and the impact of any resurgence of COVID-19 on the Company's business, uncertainties inherent in the estimation of mineral resources, access and supply risks, risks related to the ability to access acid supply on commercially reasonable terms, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the construction or mining process, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219202
FAQ
When is Excelsior Mining (EXMGF) expecting to start copper production at Johnson Camp Mine?
How much funding did Nuton provide to Excelsior Mining (EXMGF) for the Johnson Camp Mine project?
What technology is being used for copper extraction at Excelsior Mining's (EXMGF) Johnson Camp Mine?
Which company was awarded the EPCM contract for Excelsior Mining's (EXMGF) Johnson Camp Mine project?
